The roadblocks and obstacles placed by one insurance company for trying to collect a life insurance policy that had been purchased 3 years previous to the subject’s death is ONE of the reasons I loathe insurance companies.
The theft of my truck, and the insurance company’s refusal to return the truck in serviceable condition or pay me its replacement value (specified in the contract) is strike 2
The sudden decision by another life insurance company to raise its rates by nearly 700% on an associate’s 60th birthday is another example.
You can defend them all you like, but I am far from alone in my complete disdain for the crooked practices of a LARGE number of underwriting companies. They have built their reputations on stories like these.
A sudden increase at age 60. 60 is a typical age for rates to go up and it was in his policy.
Road blocks and obstacles. But you got paid. Are they supposed to take everyone’s word like the government?